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  • October 1, 2014
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  1. Sinotrans defies trend to post US$55m profit

    Posted Aug 27th 2011, 12:00am

    ... The company, which generated 92.2 per cent of its profit from dry cargo shipping in the first half, will take delivery of four 76,000-deadweight tonne dry bulk carriers in the next five months. ... Revenue edged up 0.5 per cent to US$134.4 million, against US$133.7 million in the first half of last year, thanks to the addition of three new vessels to the firm's dry bulk fleet ...

  2. China Rongsheng targets 6-month orders of US$1b

    Posted Aug 25th 2011, 12:00am

    ... additional orders for large dry cargo bulk carriers, but no details had been agreed. Chen noted that Vale was under the Brazilian government's instructions to order ships from Brazilian ... tonnes (dwt) with a combined contract value of US$6.75 billion up to the end of June. The first of twelve 400,000 dwt large ore carriers ordered by Brazilian iron ore miner Vale would ...

  3. Price war looms for shipyards on the mainland

    Posted Apr 18th 2011, 12:00am

    ... million cheaper than a South Korean rival for a new 180,000 deadweight tonne capesize dry bulk carrier. The current price for a capesize bulk carrier at a mainland shipyard is about US$53 million. ... years to affect all sectors including dry bulk, tankers and containerships. But it is the dry bulk sector that has been worst affected with more than 3,000 ships totalling 260.8 million ...

  4. Business

    Bulk rates to decline further on Asian routes amid glut of ships

    Posted Jul 18th 2014, 02:57am by Reuters

    ... Reuters in Singapore Bulk rates to fall more amid glut of ships Rates for capesize bulk carriers on key Asian routes will fall more next week as cargo owners bide their time chartering ships and shipowners fail to resist charterers' attempts to push rates lower, brokers said. "It's all looking pretty grim," said one Singapore-based capesize broker, ...

  5. Shipping boom and bust could happen again

    Posted Nov 13th 2010, 12:00am by Keith Wallis

    ... fuel shortages, and emissions. He said the surge and subsequent collapse in the dry bulk market two years ago could occur again. This was when charter rates for an 180,000 deadweight tonne capesize bulk carrier hit around US$300,000 per day in May 2008 only to fall to about US$1,000 per day seven months later as the banking liquidity crisis froze global trade. There were also sharp ...

  6. Assurances needed after collision at sea

    Posted Mar 24th 2008, 12:00am by Staff Reporter

    ... Hong Kong's shipping lanes are busy and consequently well policed, but that does not make them immune from accidents. The collision on Saturday night between a bulk carrier and supply boat is proof, as if it was needed, that no matter how sophisticated the technology, mishaps can never be wholly discounted. Just what occurred in this particular instance will take some time ...

  7. Bulk carrier powered by the sun

    Posted Aug 31st 2011, 12:00am

    ... planned to buy a fleet of ultra-large Capesize bulk ore carriers. He declined to name the company, pointing out the issue was 'very sensitive', but Solar Sailor is already working ... sails on the bulk carrier but that the owner would save that amount on fuel in just two years. Electric power from the solar cells would augment power from the diesel engines, while the sail ...

  8. Bulk carriers help fill Rongsheng order book

    Posted Jul 02nd 2011, 12:00am

    ... in 2009. Confirmation of this year's ship deliveries came after the shipyard said it recently secured orders from three European shipowners for 10 205,000 dwt dry cargo Capesize bulk carriers ... of the contract prices for the new ships. But ship brokers said a 205,000 dwt bulk carrier typically cost around US$65 million at a mainland yard, while a 6,600 teu container ship cost between US$65 ...

  9. Business - Companies - SHIPPING

    Cosco signs landmark deal with Vale for giant ore carriers

    Posted Sep 13th 2014, 04:47am by JING YANG

    ... the world's biggest bulk carriers, in a bid to achieve economies of scale and slash transport costs. However the ban, in place since early 2012 after strong lobbying from Cosco, has crippled the super ... Jing Yang jing.yang@scmp.com Cosco signs landmark deal for giant ore carriers China Cosco Holdings has signed a landmark deal with Brazilian miner Vale for the transport of iron ore ...


    Posted Jul 20th 2003, 12:00am by Staff Reporter

    ... set a one-year price target of HK$3.10. The counter closed on Friday at $3.175. Strong dry bulk and international oil transport businesses continued to boost revenue growth for China Shipping ... to benefit from rising oil demand. Revenue from dry bulk transport continued to grow at a healthy 32 per cent year on year in June, backed by stable freight rates and volume growth of 41 per cent ...




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